daily business slides

1. Good Afternoon! Get your Civics textbooks,
and be ready go when the bell rings!
Tuesday, October 15th, 2019
Agenda for the Day:
First, we’ll read and discuss lesson 19.1,
Money & Credit, in the Personal Finances
chapter, pgs 504--510, and do the compre-
hension worksheet, which is due Thursday.
Second, we’ll be continuing the Amazon
Marketing Project, completing our role
research, with a little discussion/lecture on
effective and thoughtful research techniques,
to help make this project meaningful and
successful!
Third, have all of your $100K invested in your
Investopedia Portfolio; I’ll be checking this
today for credit, and you’ll begin tracking
your portfolio’s growth!
Homework: Finish your Amazon
project role research, and be ready to
“jigsaw” on Thursday!
6th 12:50—2:30

2. HOLT, RINEHART AND WINSTON‹#›
CIVICS IN PRACTICE
HOLT
Chapter 19
Managing Money
Section 1: Money and Credit
Section 2: Banks and Banking
Section 3: Saving and Investing
Section 4: Insurance Against Hardship

3. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
The Main Idea
In addition to using dollar bills and coins, individuals
and businesses use checks, debit cards, and credit to
pay for their purchases.
Reading Focus
 What are the three basic characteristics of currency?
 Why do people and businesses accept checks as
payment?
 How is credit important to individuals and families?
 How is business credit useful to the economy as a
whole?
Section 1: Money and Credit

4. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Four basic characteristics of currency:
 Must be easy to carry and take up little space
 Based on system of units easy to multiply and
divide
 Must be durable
 Must be in a standard form and guaranteed by
the government
Section 1: Money and Credit

5. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Why do people and businesses accept
checks?
 Much of the U.S. money supply is in the form
of bank deposits.
 A check is a promise of funds sufficient to
cover stated amount.
 Insufficient funds and overdrafts are punished
with fines or criminal penalties.
Section 1: Money and Credit

6. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
The Importance of Credit
 Credit allows wholesalers to buy a larger quantity
of goods at once.
 Families use credit for emergency purchases and
large purchases.
 Credit enables consumers to buy when
production is high and goods are being sold.
 Consumer spending encourages economic
growth.
Section 1: Money and Credit

7. CIVICS IN PRACTICE
HOLT
HOLT, RINEHART AND WINSTON‹#›
Question: How is credit good for families and the
economy as a whole?
SECTION 1
Importance of Credit
In the Family In Business In the Economy
used in most sales of
large amounts of goods
allows wholesalers to buy
larger quantities than they
have money for
wholesaler can make
money to repay debtlarge purchases on
long-term credit
large purchases on
short-term credit
products or services
needed immediately
used for emergency
expenses
makes it possible for
consumers to buy
whenever there are
goods to be sold,
even if money
supply is low
when production
slows, banks can slow
consumer spending by
extend-ing less credit
and raising interest
rates on loans